The commissioner of the appropriate appointing agency shall conduct one or more pilot studies whereby a private vendor may be accorded preferred source status for purposes of this Part. The pilot studies shall seek to ascertain the benefits of partnerships between private industry and those entities accorded preferred source status as specified in this Part. Preferred source status under a partnering arrangement may only be accorded when a proposal to a soliciting agency for commodities or services includes a binding agreement which expires prior to June 30, 2005, with one or more of the entities accorded preferred source status under this Part. The binding agreement shall provide that:

(b) The commissioner of the appropriate appointing agency shall report by December 31, 2004, to the Governor, the Chairperson of the Senate Finance Committee, the Chairperson of the Assembly Ways and Means Committee and the Director of the Budget, the results and findings of each pilot study conducted, pursuant to this Part and include recommendations for improving partnering with preferred sources.